In the figure, which of the following is TRUE regarding the movements from point A to B and from point C to D? 1. The movement from point A to B shows that the economy has chosen to produce 100 more jets. II. The movement from point C to D shows that the economy has chosen to produce 100 more jets. III. The movement from point A to B and from point C to D have the same opportunity cost. OA. II and III OB. I and II OC. I, II and III
In the figure, which of the following is TRUE regarding the movements from point A to B and from point C to D? 1. The movement from point A to B shows that the economy has chosen to produce 100 more jets. II. The movement from point C to D shows that the economy has chosen to produce 100 more jets. III. The movement from point A to B and from point C to D have the same opportunity cost. OA. II and III OB. I and II OC. I, II and III
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 8SQ
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Question
![In the figure, which of the following is TRUE regarding the movements from point A to B and from
point C to D?
1. The movement from point A to B shows that the economy has chosen to produce 100 more jets.
II. The movement from point C to D shows that the economy has chosen to produce 100 more
jets.
III. The movement from point A to B and from point C to D have the same opportunity cost.
OA. II and III
OB. I and II
OC. 1, II and III
OD. I and III
18
Tanks (hundreds per month)
2
C
D
3
4
5
Jets (hundreds per month)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd17b9706-e9c9-4374-9367-0a496aa440c1%2F0d619444-dca1-449b-9e87-ec88899b45e7%2Fsao4q5j_processed.jpeg&w=3840&q=75)
Transcribed Image Text:In the figure, which of the following is TRUE regarding the movements from point A to B and from
point C to D?
1. The movement from point A to B shows that the economy has chosen to produce 100 more jets.
II. The movement from point C to D shows that the economy has chosen to produce 100 more
jets.
III. The movement from point A to B and from point C to D have the same opportunity cost.
OA. II and III
OB. I and II
OC. 1, II and III
OD. I and III
18
Tanks (hundreds per month)
2
C
D
3
4
5
Jets (hundreds per month)
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